Seller Mortgage Loan Schedule definition

Seller Mortgage Loan Schedule means the list of Purchased Assets proposed to be purchased by Purchaser, in the form of Exhibit H hereto, that will be delivered in an excel spreadsheet format by Seller to Purchaser and Custodian together with each Transaction Notice and attached by the Custodian to the related Certification.

Seller Mortgage Loan Schedule means the list of Purchased Mortgage Loans proposed to be purchased by Purchaser, in the form of Exhibit H hereto, that will be delivered in an excel spreadsheet format by Seller to Purchaser and Custodian and attached by the Custodian to the related Certification. “Servicer” means any servicer or subservicer approved by Agent in its sole discretion, which may be Seller or Cenlar FSB. “Servicer Side Letter” means, if Mortgage Loans are serviced by a third party servicer pursuant to a servicing agreement, the side letter agreement related to such servicing agreement among the Seller, the Servicer and the Purchaser, which is substantially in the form mutually agreed upon by the parties hereto. “Servicer Termination Event” means each of the following events:3746 a. Change of Servicer without consent of the Agent; b. An event of default has occurred and is continuing after the expiration of any cure period under the Servicing Agreement as modified by the Servicer Side Letter; c. Failure of Servicer to service the Mortgage Loans in accordance with Accepted Servicing Practices in any material respect and such failure continues for three (3) Business Days of the date on which Seller obtains notice or knowledge of the facts giving rise to such failures; d. Failure of Servicer to meet the qualifications to maintain all requisite Approvals, such Approvals are revoked or such Approvals are materially modified; e. If, at any time, Servicer’s HUD ranking falls below “Tier 2” lender; f. Failure by Servicer to remit when due Income payments required to be made under the terms of this Agreement or such Mortgage Loan and such failure continues for three (3) Business Days after Seller obtains notice or knowledge of the facts giving rise to such failure; g. Servicer fails to operate or conduct any material portion of its business operations in the ordinary course, or Servicer experiences any other material adverse change in its business operations or financial condition, which, in Agent’s sole good faith discretion, 3746 The definition of “Servicer Termination Event” was added by Amendment No. 1, dated as of September 24, 2021.

Seller Mortgage Loan Schedule means the list of Eligible Mortgage Loans proposed to be purchased by Purchaser, in the form of Exhibit H hereto, that will be delivered in an excel

Examples of Seller Mortgage Loan Schedule in a sentence

• By submitting a Seller Mortgage Loan Schedule, Seller hereby agrees that it shall be deemed to have made all of the representations and warranties set forth in the form of Transaction Notice attached as Exhibit C hereto.

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• Eligible Mortgage Loan (i) a Transaction Notice and (ii) Seller Mortgage Loan Schedule No later than 5:00 p.m. (New York City time) on the Business Day prior to the requested Purchase Date Purchaser, Agent and Custodian No later than 5:00 p.m. (New York City time) on the requested Purchase Date The date on which any notice pursuant to this Section 3(c) is given is known as the “Notice Date”.

• Eligible Mortgage Loan Seller Mortgage Loan Schedule No later than 5:00 p.m. (New York City time) on the Business Day prior to the requested Purchase Date Purchaser, Agent and Custodian No later than 5:00 p.m. (New York City time) on the requested Purchase Date The complete Mortgage Files to Custodian for each Mortgage Loan subject to such Transaction Custodian The date on which any notice pursuant to this Section 3(c) is given is known as the “Notice Date”.

• Notwithstanding any of the foregoing, if a Mortgagor shall resume payments on any Eligible Mortgage Loans held by the REO Subsidiary, the parties hereto agree that the REO Subsidiary shall immediately assign such Eligible Mortgage Loans to Seller and provide notice thereof to the Custodian and the Purchaser (in the case of the Purchaser, along with an updated Seller Mortgage Loan Schedule showing updated ownership of Eligible Mortgage Loans subject to a Transaction).

• Any such Confirmation and the related Seller Mortgage Loan Schedule, together with this Agreement, shall constitute conclusive evidence of the terms agreed to between the applicable Purchaser and the applicable Seller with respect to the Transaction to which the Confirmation relates.

• Any such Confirmation and the related Seller Mortgage Loan Schedule (or other applicable document), together with this Agreement, shall constitute conclusive evidence of the terms agreed to between Agent, Purchasers and Seller with respect to the Transaction to which the Confirmation relates.

• Upon the assignment of any such Eligible Mortgage Loan to REO Subsidiary, Seller shall provide notice thereof to the Purchaser and deliver to the Purchaser an updated Seller Mortgage Loan Schedule showing updated ownership of Eligible Mortgage Loans subject to a Transaction.